Trump says Putin will release diesel onto global market amid unprecedented price surge

President Donald Trump announced that Russia will release hundreds of thousands of tons of diesel fuel into the global market to combat record-high prices. To facilitate this, the U.S. Treasury Department issued a temporary general license easing sanctions on Russian diesel through April 7, 2027. This move follows a period where diesel prices surged 70% due to conflict in the Middle East and Ukraine, as well as a Russian export ban on diesel. Ukrainian President Zelenskyy criticized the sanctions relief as a sign of weakness, arguing it financially supports Russia's war efforts.

President Donald Trump announced that Russia will release hundreds of thousands of tons of diesel fuel into the global market to combat record-high prices. To facilitate this, the U.S. Treasury Department issued a temporary general license easing sanctions on Russian diesel through April 7, 2027. This move follows a period where diesel prices surged 70% due to conflict in the Middle East and Ukraine, as well as a Russian export ban on diesel. Ukrainian President Zelenskyy criticized the sanctions relief as a sign of weakness, arguing it financially supports Russia's war efforts.